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Knock off Accounting Entries for VAT Settlement Process are Not Generated. (Doc ID 341993.1)

Last updated on JANUARY 13, 2021

Applies to:

Oracle Financials for India - Version 11.5.5 to 11.5.10.0 [Release 11.5]
Information in this document applies to any platform.
Oracle Application - India Localization - Version: 11.5.5 to 11.5.10


Symptoms

VAT Settlement Process is done to set off Tax recovered against Tax Liability.
This does not generate Accounting Entries.

System should generate following accounting entries on VAT Settlement Process:

Debit : VAT Liability A/c
Credit : VAT Recovery A/c

Changes

Applied the VAT Enhancement <Patch: 4245089 >

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References

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